Cybersecurity company Acronis hits unicorn status after raising $147 million led by Goldman Sachs
Cyber security solutions provider Acronis announced today that it has raised $147 million in funding led by Goldman Sachs, bringing it to unicorn status. The company did not disclose its valuation, but founder and CEO Serguei Beloussov told TechCrunch that it is between $1 billion and $2 billion.
Founded in Singapore as a data backup and recovery company in 2003 and now headquartered in Switzerland, Acronis currently has more than 1,400 employees in 18 countries. Its cyber protection technology is used by 5 million consumers and 500,000 businesses.
Beloussov says this is the first time the company has raised capital. In 2004, Acronis sold part of its business to an outside firm in a secondary transaction for $11 million. Since then it has been profitable, but it is now aiming for very rapid growth, targeting $1 billion in revenue by 2022. The company wants to take advantage of increasing demand for cybersecurity solutions by expanding its research and development teams and making several acquisitions in the cybersecurity space.
In a statement, Holger Staude, the vice president of Goldman Sachs Growth, said “We are excited to invest in Acronis at this stage of rapid growth. The traditional backup and data
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